Banc Funds Co. LLC Has $14.06 Million Stock Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Banc Funds Co. LLC decreased its position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 870,859 shares of the financial services provider's stock after selling 112,954 shares during the quarter. Colony Bankcorp accounts for approximately 1.6% of Banc Funds Co. LLC's investment portfolio, making the stock its 19th largest position. Banc Funds Co. LLC owned 4.97% of Colony Bankcorp worth $14,056,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CBAN. Martingale Asset Management L P boosted its position in shares of Colony Bankcorp by 2.3% during the 4th quarter. Martingale Asset Management L P now owns 48,598 shares of the financial services provider's stock worth $784,000 after acquiring an additional 1,108 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Colony Bankcorp by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider's stock worth $721,000 after buying an additional 1,500 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Colony Bankcorp by 3.5% during the 4th quarter. Bank of New York Mellon Corp now owns 47,185 shares of the financial services provider's stock worth $762,000 after buying an additional 1,608 shares during the last quarter. Empowered Funds LLC boosted its stake in Colony Bankcorp by 4.9% in the fourth quarter. Empowered Funds LLC now owns 37,233 shares of the financial services provider's stock valued at $601,000 after buying an additional 1,755 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Colony Bankcorp by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,721 shares of the financial services provider's stock valued at $157,000 after acquiring an additional 2,118 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Colony Bankcorp from a "hold" rating to a "buy" rating in a report on Thursday, January 9th.

Colony Bankcorp Price Performance

Colony Bankcorp stock traded up $0.39 during mid-day trading on Tuesday, reaching $15.13. The company had a trading volume of 29,616 shares, compared to its average volume of 51,568. The business has a fifty day simple moving average of $16.00 and a 200 day simple moving average of $16.24. The company has a market cap of $265.10 million, a P/E ratio of 11.23 and a beta of 0.55. Colony Bankcorp, Inc. has a fifty-two week low of $10.52 and a fifty-two week high of $18.49. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90.

Colony Bankcorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were given a dividend of $0.115 per share. The ex-dividend date was Wednesday, February 5th. This represents a $0.46 dividend on an annualized basis and a yield of 3.04%. This is a positive change from Colony Bankcorp's previous quarterly dividend of $0.11. Colony Bankcorp's payout ratio is currently 34.07%.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and consumer customers. The company offers deposit products, including demand, savings, and time deposits. It also provides loans to small and medium-sized businesses; residential and commercial construction, and land development loans; commercial real estate loans; commercial loans; agri-business and production loans; residential mortgage loans; home equity loans; and consumer loans.